Officials with Gibson Brands, Inc., maker of the famed Les Paul and ES-335 electric guitars, released a statement saying the company has met all “current obligations to the bondholders, is in the process of arranging a new credit facility to replace the bonds, and fully expects the bonds to be refinanced in the ordinary course of business.”

Said Juszkiewicz: “We are excited and pleased that Benson with be coming back to the Gibson Brands family. He has a great knowledge of the industry, our current businesses and is liked and respected by everyone at Gibson and with whom he dealt. We are confident he will contribute to moving the company forward.”

Woo had previously served with Gibson in 2016. He replaces Bill Lawrence.

The CEO said the company is “streamlining” and will focus its Philips brand consumer audio business on those products that have “greater growth potential,” as well as eliminating product segments that fall below expectations.

While Gibson has been struggling to re-pay debt, an officer with Moody’s Investors Service has told the Nashville Post that the company’s core guitar business remains sound.

“The core business is a very stable business, and a sustainable one,” Kevin Cassidy, of Moody’s, told the newspaper. “But you have a balance sheet problem and an operational problem.”

Gibson was founded in 1894 and makes musical instruments, as well as consumer and professional audio. Juszkiewicz acquired Gibson in 1986 with fellow investors. The company has a portfolio of over 100 well-recognized brand names.

The Remington Outdoor Company, one of America’s largest firearm and ammunition manufacturers, plans to file for Chapter 11 bankruptcy protection after reaching a deal Monday with its creditors, according to multiple reports.

Company officials said in a news release that a prepackaged reorganization plan will be filed with the U.S. Bankruptcy Court in Delaware. The deal will give control of the company to its lenders, Bloomberg News reported.

Remington seeks to lower its $950 million debt load, Reuters reported. The company’s executive chairman, Jim Geisler, said in a statement that “difficult industry conditions make today’s agreement prudent.”

“I am confident this regrouping ensures that Remington will continue as both a strong company and an indelible part of our national heritage,” he said.

Officials with Remington, the maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said the agreement with lenders will reduce its debt by about $700 million and add about $145 million in new capital.

The company was cleared of any wrongdoing in the 2012 shooting, but investors repulsed by the massacres distanced themselves from the company's owner, investment firm Cerberus Capital Management.

The company’s debtors include JPMorgan Asset Management and Franklin Templeton Investments, Reuters reported. They will trade their debt holdings for equity in Remington as part of the deal unveiled Monday.

A bankruptcy filing under Chapter 11 allows a company to reorganize and stay in business as the company works to repay debtors. Officials with Remington said in a news release Monday that the company will continue to operate as normal as the restructuring process gets underway.

“Importantly, the fundamentals of our core business remain strong,” Reminton CEO Anthony Acitelli said in a statement. “We have an outstanding collection of brands and products, the unqualified support of a vibrant community across the industry and a deep and powerful culture. We will emerge from this process with a deleveraged balance sheet and ample liquidity, positioning Remington to compete more aggressively and to seize future growth opportunities.”

According to Applebee’s, the drink is made with white rum and a mix of lime juice, pineapple juice and orange juice, with hints of coconut and cherry flavors.

“We’re proud to introduce our own unique twist on the popular Bahama Mama drink to our guests,” Patrick Kirk, vice president of beverage innovation at Applebee’s said in a statement. “We know Applebee’s fans are going to love the tropical fruit flavors of the new recipe we created just for the Dollarmama. For $1 you can experience the perfect winter getaway in a glass.”

The initial focus of the new company will be on technology that will provide their employees with high-quality, reasonably priced health care.

“The ballooning costs of health care act as a hungry tapeworm on the American economy. Our group does not come to this problem with answers. But we also do not accept it as inevitable. Rather, we share the belief that putting our collective resources behind the country’s best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes,” said Berkshire Hathaway Chairman and CEO Warren Buffett.

“The health care system is complex, and we enter into this challenge open-eyed about the degree of difficulty,” said Jeff Bezos, Amazon founder and CEO. “Hard as it might be, reducing health care’s burden on the economy while improving outcomes for employees and their families would be worth the effort. Success is going to require talented experts, a beginner’s mind, and a long-term orientation.”

“We need to create awareness around the issue of one-time use plastic straws and its detrimental effects on our landfills, waterways and oceans,” Calderon argued in a press release. “AB 1884 is not ban on plastic straws. It is a small step towards curbing our reliance on these convenience products, which will hopefully contribute to a change in consumer attitudes and usage.”

The bill reportedly would apply only to waiters in sit-down restaurants, not bars or fast food establishments. Calderon also expressed his intention to dump the bill’s harsh penalties, according to Reason.

The eye-catching domes, which are the newest additions to Amazon’s downtown campus, are between 80 and 95 feet high and feature five floors of office space. There are no enclosed offices, conference spaces or desks. Company officials said the idea was to create an urban oasis for employees to work and socialize in.

The project has garnered interest since it was launched -- not just because of how the structures look, but because of the jungle that is housed inside.

More than 40,000 plants from more than 30 countries were brought in to fill the domes, which are the newest additions to Amazon's downtown campus. Amazon is paying a full-time horticulturalist to tend to exotic plants and trees and to be a resource to the public as well.

No injuries have been reported, although VTech company officials said they have received at least five reports of broken rattles.

The rattles, model No. 80-184800, are about 7 inches long, with a purple elephant body, ears in yellow and blue and a black and white teething ring. The number 1848 is printed on the back of affected rattles, next to the battery door. When switched on, the rattles sing, according to VTech officials.

The company is offering refunds for the rattles, which were sold between November 2015 and November 2017 for about $8. The rattles were also sold online on Amazon.com and zulilly.com and at stores including Walmart and Kmart.

In a separate notice, the Consumer Product Safety Commission announced that VTech was also recalling its Lights & Lullabies travel mobiles because the clamp used to hold the mobiles to cribs can break, posing an injury hazard.

The chain said the recall was out of "an abundance of caution" after samples of one product from a single production day showed positive for listeria monocytogenes bacteria. Exposure to the bacteria can cause fever and diarrhea, with particularly dangerous symptoms for pregnant women and unborn children.